J.P. Morgan Maintains RHT Underweight

J.P. Morgan has published a report maintaining Red Hat Inc's RHT Underweight Rating. According to J.P. Morgan, "RHT reported a better than expected top line, none of which made it to the bottom line when excluding a lower tax rate. Strong revenue, billings, and bookings were better than expected, though EPS and cash flow were in line with guidance and expectations. We continue to rate RHT Underweight with a $32 price target.” RHT closed at $46.34 on Friday.